UAE's food imports to grow four-fold to reach USD 400 billion in ten years
Dubai, UAE: On the sidelines of its participation in the Gulfood 2016, UNIKAI Foods, one of the largest FMCG companies in the UAE, has reported a net profit of AED 13.5 million for 2015.
UNIKAI is now looking to expand its operations following the remarkable competiveness in areas like quality, packaging, distribution, customer service, corporate governance, risk mitigation, talent acquisition and local capacities.
"UNIKAI was able to do extremely well in 2015 based on its legacy in the FMCG industry in the UAE," says Mana Mohammed Saeed Al Mulla, Chairman of UNIKAI. "Being one of the oldest players in the regional FMCG market for over 38 years, we relied on our experienced team and gained support from stakeholders, suppliers, and business partners to increase our market share. Our products are well known for quality, healthiness and freshness."
"We are confident that the focused strategy adopted by our newly appointed leadership team and board will continue to reflect positively on our financials. There is a flurry of many exciting business initiatives in the pipeline and we are committed to aggressively and continuously launch numerous new products leveraging on the company's breadth of expertise, depth of knowledge, and cutting edge technologies in place," emphasised Al Mulla.
"We have developed an aggressive, challenging and ambitious plan for 2016. The key focus will help improve our distribution channels, expand our geographical reach, and further boost our quality measures and brand exposure," added Al Mulla.
"We developed a new strategy to overcome the challenges in the market, and the results are amazing. At Gulfood 2016, we seek to enhance collaboration with local distributors and FMCG operators to provide innovative UNIKAI products that put quality on top of its priorities," added Neeraj Vohra, Chief Executive Officer, UNIKAI.
"The FMCG market holds huge potential. Our operations at UNIKAI triggered a new phase of success aimed at rapid growth through excellent quality, and availability of wide range of products. Our operations expanded dramatically in 2015, covering nearly 200 routes across UAE and Oman on a daily basis. We are also present in almost 29 countries across the GCC and MENA regions and are continuously working towards developing sustainable business through understanding the market needs and developing tailor made products," added Vohra.
UNIKAI has also diversified its product line-up, and it is currently offers juices, dairy, ice cream, and foods.
"The UAE's food imports are expected to rise from USD 100 billion (AED 367 billion) in 2014 to USD 400 billion in the coming ten years, according to the UAE Ministry of Economy. Diaries and other FMCG products play a major role in boosting the UAE economy. We, at UNIKAI, are looking to be an integral catalyst in national growth," concluded Vohra.
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About UNIKAI
UNIKAI Foods PJSC is a publicly listed company on the DFM stock market. It is one of the oldest players in the regional FMCG market for over 38 years and boasts a diversified product portfolio offering juices, dairy, ice cream, and foods. With an intricate distribution network across the UAE and Oman it is present in 29 countries across the GCC and MENA region.
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© Press Release 2016
